This is a 5-unit multifamily property located in Chico, CA. Built in 1945, the property is comprised of (1) studio, (3) one-bedroom one-bathroom, and (1) two-bedroom one-bathroom floor plans. The building is comprised of a wood exterior, pitched composition shingle roof and wall air-conditioning units. There is also a shared laundry room on the lower floor. The listing price of $550,000 makes this one of the lowest price per unit investment opportunities in Chico within the last 12 months. Comparable market data shows current rents are below market, allowing a new owner to achieve a CAP rate above 6% with aggressive management and interior/exterior improvements
Listing Agent: Spencer Moyer 01940191 Courtesy of: Alive Commercial Real Estate "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Updated: 6th October, 2022 5:30 AM (UTC)